.The big apple's Port Shainman Gallery has actually filed a claim against collection agency James R. Hedges IV, declaring that he owes almost $300,000 for the purchases of 19 artworks that the gallery had actually consigned to him.
The case, which was actually filed in the High court of the State of New York on Friday, professes that Hedges and also his gallery, the Santa Monica-- based Hedges Projects, were actually consigned these works by means of statements gone out with between June 2022 and Might 2024. Hedges as well as his picture are actually accused of being obligated to pay $298,772.72.
Hedges has called themself "the best person for Warhol digital photography," declaring in his profile that he owns the largest exclusive collection of photographs by the Pop artist. He has actually curated series of Warhol's photos, consisting of one in 2020 at Jack Shainman Gallery carried prior to the onset of the pandemic in New York. He also organized a marketing series of Warhol's fine art along with Gagosian picture in 2022.
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The kid of a collection agency of self-taught musicians, Hedges focused full-time on craft starting in 2013, the year that he departed the world of investment banking, according to the Art Paper. Besides accumulating fine art, he has worked as a fiduciary to the Dia Art Foundation and has been a customer of the Gallery of Modern Fine Art in New York, the Aspen Art Gallery in Colorado, and also the Tate gallery system in the UK. He is currently conservator for the fine arts at the the Hotels and resort Bel-Air as well as the Beverly Hillsides Accommodation and Bungalows in Los Angeles.
Port Shainman Showroom was actually started in 1984 as well as presently embodies performers like Lynette Yiadom-Boakye, Kerry James Marshall, Nina Chanel Abney, and also Rose B. Simpson. In January, the picture opened a brand new 20,000-square-foot room in Tribeca.
Friday's case performed certainly not detail the arts pieces Port Shainman Gallery had consigned to Hedges and his gallery, noting just that the 2 were actually intended to market these works to enthusiasts. According to the meet, Hedges and his gallery "always kept as well as made use of those funds for their personal objectives and also advantage.".
" Hedges Projects is grieved to find out about the case filed by Jack Shainman Gallery," the picture said in a statement. "Hedges Projects and Jack Shainman Gallery have possessed an effective organization connection given that 2018. It is regrettable that Port Shainman Gallery made a decision to file a claim while the parties reside in the midst of organization discussions. Our team definitely disagree along with the claim, as well as plan to assert counterclaims of our very own, if necessary.".
An agent for Jack Shainman Gallery declined to comment.